afternoon once again with corporate leaders. this is the second such meeting in two weeks. he is meeting with 14 of them today, including the ceo of yahoo!, merck, coca-cola, at&t, as well as lloyd blankfein, the ceo of goldman sachs will be here. i don't think he has been at the white house in quite a while. ashley and tracy. ashley: yeah. i'm sure he will have plenty to say to the president. peter barnes in d.c., thank you very much. stocks waivered early but have been solidly higher sid the president said, yes he hopes to have a deal in place before christmas. wishful thinking? well, we'll see. for more on the market and its reaction, let's bring in jim bianco, president of bianco research. jim, thanks for joining us. let's start with the big picture here. the market clearly at the mercy of the fiscal cliff and all the comments coming out on it. are you confident a deal can be done for christmas and how do you see this playing out? >> no, i'm not confident a deal can be done during christmas. the fiscal cliff is the deal.